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There is a strong reason why subject matter experts suggest entrepreneur community to secure one's relationship as a cofounder by a co-founders agreement, yours is a real-life example.
Coming to the solution for your problem:
1. In case you do not have a contract bounding you and the other cofounders in the firm by a contract, the situ...
Wazzeer Professional Network
ProfessionalHaving little knowledge of startups, especially law, I joined my friend's with $50,000 cash as a co-founder. There was no exit plan. Now I want to exit after a half year. How can I protect my money or reduce my loss to a minimum? What lawyer helps?
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Wazzeer Professional Network
ProfessionalThere is a strong reason why subject matter experts suggest entrepreneur community to secure one's relationship as a cofounder by a co-founders agreement, yours is a real-life example.
Coming to the solution for your problem:
1. In case you do not have a contract bounding you and the other cofounders in the firm by a contract, the situation is complicated by 10 folds. To put it in simple words, go for a litigation.
2. In case you have an agreement/contract bounding the relationship, read the solution below: Send a notice of termination of the contract, (applicable only if you have a clause mentioned in it) to the co-founders.
'Get your Wazzeer' for any of the two solutions. We would be glad to help you out.
almost 5 years ago
View answer
Having little knowledge of startups, especially law, I joined my friend's with $50,000 cash as a co-founder. There was no exit plan. Now I want to exit after a half year. How can I protect my money or reduce my loss to a minimum? What lawyer helps?
-
Wazzeer Professional Network
ProfessionalThere is a strong reason why subject matter experts suggest entrepreneur community to secure one's relationship as a cofounder by a co-founders agreement, yours is a real-life example.
Coming to the solution for your problem:
1. In case you do not have a contract bounding you and the other cofounders in the firm by a contract, the situation is complicated by 10 folds. To put it in simple words, go for a litigation.
2. In case you have an agreement/contract bounding the relationship, read the solution below: Send a notice of termination of the contract, (applicable only if you have a clause mentioned in it) to the co-founders.
'Get your Wazzeer' for any of the two solutions. We would be glad to help you out.
almost 5 years ago
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